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2024 Standard Deduction Married Filing Jointly. $14,600 for single individuals and married. If you earned $75,000 in 2023 and file as a single taxpayer, taking the standard deduction of $13,850 will reduce your taxable income to $61,150.
The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). You can choose married filing jointly as your filing status if you are considered married and both you and your spouse agree to file a joint return.
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